Multi-Peril Crop Insurance
Available Products
- Actual Protection History (APH)
- Area Revenue Protection (ARP)
- Area Revenue Protection with Harvest Price Exclusion (ARP-HPE)
- Area Yield Protection (AYP)
- Catastrophic Coverage (CAT)
- Dollar Amount of Insurance (DO)
- Margin Protection (MP)
- Margin Protection with Harvest Price Options (MP-HPO)
- Pasture, Rangeland, Forage (PRF)
- Revenue Protection (RP)
- Revenue Protection with Harvest Price Exclusion (RP-HPE)
- Whole Farm Revenue Protection (WFRP)
- Yield Protection (YP)
Enhanced Coverage Option
Enhanced Coverage Option (ECO) provides area-based coverage for a portion of the deductible for your underlying policy, similar to the Supplemental Coverage Option (SCO). ECO uses the same expected and final area yields, projected and harvest prices and payment factors as SCO. However, ECO covers a band from 86% up to 90% or 95% of expected crop value (SCO coverage ends at 86%). Additionally, ECO is not tied to any FSA Farm Program (unlike SCO). Using your farm data, our experienced insurance officers can help you determine what types of financial outcomes you can anticipate based on different coverage levels. Together we can find the best coverage for your farm operation.
Margin Protection
Margin Protection provides you coverage against an unexpected decrease in your operating margin (revenue less input costs). Margin Protection is area-based, using county-level estimates of average revenue and input costs to establish the amount of coverage and indemnity payments. To the extent that the average margin for a county is lower than expected, due to a decrease in revenue and/or an increase in input costs, Margin Protection will cover a portion of that shortfall.
Multi-Peril Crop Insurance
Weather can change in an instant, and so can your financial stability when you suffer crop losses. Multi-Peril Crop Insurance (MPCI) protects most crops against losses due to adverse weather, drought, fire, insect infestation, plant disease, wildlife and more. MPCI protection is often purchased in combination with crop hail insurance. You can trust the experts at Compeer Financial to work with you on plans that best fit your needs and operation.
- USDA Risk Management Agency (RMA) provides rulemaking, policies and procedures and is the agency that oversees crop insurance.
- Multi-Peril Crop Insurance (MPCI) or Federal Crop Insurance protects most crops against losses due to adverse weather, drought, fire, insect infestation, plant disease, wildlife and more. You can choose from a wide array of crop insurance plans, coverage levels and options under the MPCI programs that best fit their risk management needs. Options also include adding an area plan of insurance on top of your underlying individual coverage.
- You also can choose coverage options like hail, wind and private products, which are not part of the federal crop program.
Pasture, Rangeland, Forage (PRF)
The Pasture, Rangeland, Forage (PRF) Pilot Insurance Program is designed to provide insurance coverage on your pasture, rangeland or forage acres. Based on precipitation, according to the Rainfall Index, this program is designed to give you the ability to buy insurance protection for losses of forage produced for grazing or harvested for hay, which result in increased costs for feed, destocking, depopulating or other actions.
Whole Farm Revenue Protection (WFRP)
Whole Farm Revenue Protection provides a risk management safety net for all commodities on the farm under one insurance policy and is available in all counties nationwide.